empty
02.05.2025 09:15 AM
Trading Recommendations for the Cryptocurrency Market on May 2

Bitcoin and Ethereum buyers have achieved new key resistance levels, indicating strong demand. Bitcoin has reached the $97,400 level, while Ethereum has approached the $1,870 mark.

This image is no longer relevant

Meanwhile, the buzz around stablecoins is gaining momentum. According to data from the U.S. Treasury Department, the stablecoin market is expected to reach $2 trillion by 2028. This forecast highlights stablecoins' growing popularity and utility as both a store of value and a convenient tool for international transactions. Pegged to fiat currencies like the U.S. dollar or other assets, stablecoins offer the price stability that volatile cryptocurrencies like Bitcoin and Ethereum often lack.

New stablecoin legislation in the U.S. could potentially lead to a 10-fold increase in stablecoin supply over the next four years. As a result, stablecoin issuers may be able to purchase up to $1.6 trillion worth of U.S. Treasury bonds to back their reserves.

In any case, the development of clear regulatory frameworks for digital assets is a positive step toward the crypto market's growth and maturity.

I will continue to use any major dips in Bitcoin and Ethereum as buying opportunities, expecting the medium-term bullish trend to remain intact.

As for short-term trading, the strategy and conditions are described below.

This image is no longer relevant

Bitcoin

Buy Scenario

Scenario 1: I plan to buy Bitcoin today at the $97,400 entry point with a target of $98,500. At $98,500, I will exit the long trade and open a short position on a pullback.

Important: Before buying on a breakout, ensure that the 50-day moving average is below the current price and the Awesome Oscillator is above zero.

Scenario 2: If there is no bearish reaction to a breakout, buying from the lower boundary of $96,600 is possible. Target a rebound toward $97,400 and $98,500.

Sell Scenario

Scenario 1: I plan to sell Bitcoin today at the $96,600 entry point with a target of $95,500. At $95,500, I will exit the short and immediately buy on the rebound.

Important: Before selling on a breakout, ensure the 50-day moving average is above the current price and the Awesome Oscillator is below zero.

Scenario 2: If there's no bullish breakout confirmation, selling from the upper boundary at $97,400 is possible, targeting a move down to $96,600 and $95,500.

This image is no longer relevant

Ethereum

Buy Scenario

Scenario 1: I plan to buy Ethereum today at the $1,852 entry point with a target of $1,879. At $1,879, I will exit the long position and open a short on the pullback.

Important: Before buying on a breakout, ensure the 50-day moving average is below the current price, and the Awesome Oscillator is in positive territory.

Scenario 2: If the breakout does not provoke a bearish reaction, buying is also possible from the lower boundary of $1,833, with targets at $1,852 and $1,879.

Sell Scenario

Scenario 1: I plan to sell Ethereum today at the $1,833 entry point with a target of $1,806. At $1,806, I will exit the short and immediately buy on a rebound.

Important: Before selling on a breakout, ensure the 50-day moving average is above the current price, and the Awesome Oscillator is in negative territory.

Scenario 2: Selling from the upper boundary of $1,852 is also an option if there's no bullish breakout confirmation, with targets at $1,833 and $1,806.

Miroslaw Bawulski,
Analytical expert of InstaForex
© 2007-2025
Summary
Urgency
Analytic
InstaForex Analyst
Start trade
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

Recommended Stories

Trading Recommendations for the Cryptocurrency Market on July 25

Bitcoin collapsed, testing the 115,000 mark, while Ethereum did not face any such issues. It's clear that the sharp drop in Bitcoin is nothing more than profit-taking

Miroslaw Bawulski 09:13 2025-07-25 UTC+2

Tether confidently advances toward entry into the US market

Bitcoin continues to trade within the 116,500–120,000 channel, showing solid volatility. Ethereum, however, is performing significantly worse following a recent decline in spot ETF inflows. Meanwhile, yesterday Tether CEO Paolo

Jakub Novak 10:07 2025-07-24 UTC+2

Trading Recommendations for the Cryptocurrency Market on July 24

Bitcoin once again attempted to break above $119,000 but failed, retreating today toward the $117,000 level. Ethereum has dropped back below $3,600 and is currently heading toward the $3,500 area

Miroslaw Bawulski 09:20 2025-07-24 UTC+2

Ethereum enjoys buoyant demand

In recent weeks, Ethereum has demonstrated explosive growth but has still not surpassed its historical all-time high. Clearly, with new money flowing into the market, Ethereum is experiencing a demand

Jakub Novak 15:57 2025-07-23 UTC+2

Spot Ethereum keeps soaking up fresh capital

Despite Ether dipping below the $3,700 mark, net inflows into spot Ethereum ETFs reached $533.9 million yesterday, the third-largest daily inflow since their launch. According to SoSoValue, the iShares Ethereum

Jakub Novak 12:07 2025-07-23 UTC+2

Trading Recommendations for the Cryptocurrency Market on July 23

Bitcoin once again broke above $119,000, briefly surpassing the $120,000 mark, but then pulled back to around $118,500. This indicates considerable difficulty in returning to the all-time high near $123,000

Miroslaw Bawulski 09:18 2025-07-23 UTC+2

Crypto market: altseason gains momentum

The crypto market is showing strong signs of entering a new phase of altseason—a period of accelerated growth for altcoins. In mid-July, the DOGE/USD pair returned to the mid-term bull

Jurij Tolin 16:46 2025-07-22 UTC+2

Trading Recommendations for the Cryptocurrency Market on July 22

Bitcoin once again failed to consolidate above the $119,000 level, falling back to the $116,000 area during the Asian session today. Ethereum also fell slightly after hitting $3850. Meanwhile, according

Miroslaw Bawulski 09:50 2025-07-22 UTC+2

Bitcoin and Ethereum Maintain Strong Momentum

Following the signing of several legislative acts last week regulating the cryptocurrency sector in the United States, Bitcoin and Ethereum are showing solid confidence. This step, anticipated by many market

Jakub Novak 09:50 2025-07-22 UTC+2

Deep corrections and crypto winters are over for Bitcoin

After briefly pausing in response to Friday's news about President Trump signing three new bills regulating the digital asset market in the US, Bitcoin resumed its upward movement and reached

Jakub Novak 10:46 2025-07-21 UTC+2
Can't speak right now?
Ask your question in the chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.